Add Row

Add Element

update

Florida Healthy Living

update

Add Element

Home
Categories
- Health
- Wellness
- Travel
- Tourism
- Florida News
- Featured

Add Element

UPDATE

July 04.2025

2 Minutes Read

Cleveland Browns Owner Buys $25 Million Oceanfront Home in Florida

Florida luxury real estate with modern mansion and tropical landscaping.

Dee Haslam's Oceanfront Acquisition

Susan "Dee" Bagwell Haslam, co-owner of the Cleveland Browns, has made headlines by purchasing a stunning oceanfront estate in the exclusive Lost Tree Village community of North Palm Beach for a hefty $25 million. This off-market deal has garnered considerable attention not only due to the notable buyer but also because of the community's unique buying regulations.

Lost Tree Village: A Gated Community of Luxury

Lost Tree Village is renowned for its exclusivity, featuring strict residency requirements that ensure a controlled and cohesive community atmosphere. Prospective buyers must pass a rigorous application process which includes sponsorship from current residents, multiple references, and an interview with the admissions committee. This process guarantees that new homeowners align with the village's high standards and values.

The Previous Owners and Their Journey

The estate was previously owned by Robert F. White Jr. and Diane White, who have been residents of Lost Tree Village for decades. After purchasing the property in 1990 for just $3.2 million, they decided to downsize, moving to a smaller home within the same community. Their experience reflects a broader trend of luxury homeowners opting for properties that fit their changing lifestyles without leaving the gated enclave.

A Record Setting Year for Lost Tree Village

Despite its limited buyer pool, Lost Tree Village has witnessed remarkable real estate activity this year. In May alone, the community saw record-breaking transactions, including an oceanfront estate sold for $55 million and another for $31.9 million. Such sales highlight the area's desirability among affluent buyers, particularly those seeking a serene environment with direct access to the ocean.

Takeaway for Florida Homeowners

For Florida homeowners, the increasing property values and prestigious buyers in areas like Lost Tree Village serve as a testament to the high demand for luxury real estate in the state. This trend suggests potential for increased property values and investment opportunities for current homeowners in similar communities. Understanding the factors driving these sales can help homeowners capitalize on their investments.

Florida News

Write A Comment

Related Posts All Posts

08.18.2025

Wingrove Academy: A Bold Step Towards Quality Education in Wellington

Update A Bright Future for Education in Wellington The landscape of education in South Florida is about to change with the upcoming launch of Wingrove Academy, a new private school set to open in Wellington’s K-Park in 2028. This ambitious project, backed by billionaire Steve Ross, aims to address the rising demand for quality private education in the area, which has surged post-pandemic due to an influx of families relocating to South Florida. What Wingrove Academy Will Offer Wingrove Academy will provide a comprehensive education for students from PreK through 12th grade, with an initial enrollment of 1,700 students. The school aims to begin admitting students in August 2028, gradually introducing high school classes the following year. Operated by West Palm Beach-based ElevatED, the institution is being designed by the renowned Boston firm Elkus Manfredi Architects, known for their high-profile projects at prestigious universities. Local Development and Community Impact The Wingrove Academy will occupy part of a 70-acre site, which also features plans for a mixed-use development, akin to the CityPlace district in West Palm Beach. This development will not only enhance educational opportunities but also create a vibrant local community hub with dining, retail, and residential options. The anticipated growth of this area underlines the strategic vision of Steve Ross and Related Ross, who are focused on improving South Florida's appeal to businesses and families alike. Why This Matters to Florida Homeowners The establishment of Wingrove Academy and the associated mixed-use development is significant for Florida homeowners. As private school enrollment reaches unprecedented levels, the presence of high-quality educational institutions can positively influence property values and attract more affluent residents. This trend is crucial for current homeowners looking to maintain or increase their property investments in a competitive real estate market. A School Designed for 21st Century Learning With a focus on innovative teaching methods and a commitment to meeting the diverse needs of its students, Wingrove Academy is positioning itself as a leader in modern education. The design and operational strategies reflect an understanding of contemporary challenges in education, aiming to provide not just schooling, but a holistic, supportive community environment.

08.18.2025

Former Advanta CEO Sells Hillsboro Beach Mansion for $27M: A Luxury Trend

Update Former CEO Cashes in on Luxurious Hillsboro Beach Mansion In a remarkable real estate transaction, Dennis Alter, the former CEO of Advanta, has sold his sprawling mansion in Hillsboro Beach for an impressive $27.1 million. This ocean-to-Intracoastal estate, which showcases eight spacious bedrooms and stretches over 10,400 square feet, was initially listed at $28 million in January. The sale reflects the bustling luxury real estate market currently thriving in the Hillsboro Beach area, known for its transformation as older properties are being replaced with multimillion-dollar developments. Luxury Living and Environmental Appeal Located at 1111 Hillsboro Mile, this mansion stands not only for its architectural beauty but also for its stunning waterfront access, featuring 147 feet of water frontage and the potential for private yacht docking. According to agent Gerry Liguori, the estate's location in a no-wake zone significantly enhances its appeal for buyers with an appreciation for boating and luxury living. The recent sale is part of a larger trend, as the town embraces upscale real estate development with properties often reaching $40 million and above. The Legacy of Dennis Alter Alter’s history as a CEO goes beyond this property; he led one of Philadelphia's largest companies before the 2008 financial crisis. After the bankruptcy of Advanta, the company, which transformed under Alter’s leadership from a modest loan provider into a multibillion-dollar enterprise, faced legal scrutiny. Despite these challenges, Alter’s longstanding ownership of this estate indicates a deep commitment to the region. Hillsboro Beach Transformation As luxury condos and estates continue to reshape the Hillsboro Beach landscape, recent notable sales include the acquisition of an oceanfront mansion by AutoNation CEO Mike Manley for $14.5 million in April. In addition, developments like the planned Rosewood Residences signal a robust interest in high-end living options, securing significant financing for future projects. The Future of Florida's Real Estate For Florida homeowners and potential investors, the ongoing changes in Hillsboro Beach emphasize the vitality of the luxury market. With teardowns leading to high-value properties, the area is evolving, providing opportunities for savvy buyers looking to invest in thriving communities. This recent sale not only marks a milestone in Alter’s journey but serves as a signal of the broader trends shaping Florida's luxurious real estate landscape. For homeowners, this represents the evolving market dynamics where new developments offer both lifestyle upgrades and investment potential.

08.18.2025

Exploring South Florida's Multifamily Market Shift: Developers Pull Back Amid Rising Costs

Update A Shift in South Florida’s Multifamily Market In recent months, developers in South Florida have begun to change course, opting to sell their multifamily development sites instead of moving forward with construction. The pandemic-driven boom in multifamily construction appears to be fading as high costs for land, financing, and construction have left many developers re-evaluating their investment strategies. Understanding the Current Financial Landscape According to industry experts, several factors have contributed to this sudden shift. As commercial broker Tony Arellano notes, developers are facing increasing pressure to offer concessions to prospective tenants as the supply of completed projects has outstripped demand, leading to suppressed rent growth. In some neighborhoods, rents are even falling, adding further strain on development metrics. Developers' Perspectives: More Than Just Costs? Notably, while some developers openly attribute their decisions to high costs, others, such as Miguel Pinto of Apex Capital Realty, argue that previous overleveraging and outdated expectations of the market's performance play a significant role. “Some of these guys bought at the top of the market,” Pinto states, highlighting that misconceptions surrounding future rents and the political climate have exacerbated financial stress. Implications for Florida Homeowners This evolving landscape comes with critical implications for Florida homeowners. As developers seek to exit the market, it raises questions about the adequacy of available housing and investments in infrastructure. Furthermore, the trajectory of rents in a market marked by oversupply could bring opportunities or challenges to current homeowners looking to sell or lease their properties. Looking Ahead: What Lies in Store for South Florida? The future remains uncertain, but as the trend continues, homeowners should stay informed on market adjustments and potential shifts in housing strategies. With the influx of completed projects and ongoing financial reshuffles among developers, South Florida’s housing dynamics are undoubtedly shifting.

Cleveland Browns Owner Buys $25 Million Oceanfront Home in Florida

Dee Haslam's Oceanfront Acquisition

Lost Tree Village: A Gated Community of Luxury

The Previous Owners and Their Journey

A Record Setting Year for Lost Tree Village

Takeaway for Florida Homeowners

Terms of Service

Privacy Policy

Core Modal Title